New Zealand Dollar slips below mid-0.5900s vs USD as geopolitical risks weigh on sentiment
The NZD/USD pair struggles to capitalize on the previous day's move higher and meets with a fresh supply during the Asian session on Tuesday amid a modest US Dollar (USD) uptick. Spot prices slip below mid-0.5900s, though the downside potential seems limited as traders opt to wait for the release of the latest US consumer inflation figures. The global risk sentiment remains fragile on the back of fading hopes for a potential US-Iran peace deal, which, in turn, benefits the safe-haven USD and exerts some pressure on the NZD/USD pair. US President Donald Trump and Iran both rejected each other’s peace proposals for ...
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